Wednesday, October 24, 2012

CNN Tears Apart Obama Second Term So-Called Plan

By Susan Duclos

Not what you expect from CNN, but Erin Burnett goes through four separate points ripping up Obama's so called "plan" for his second term agenda. (H/T The Ulsterman Report)

Not only it isn't a new plan, but it doesn't add up, according to CNN.

[WATCH]



Here is another point that cannot be reiterated enough. Tax cuts are not spending, they do not get charged on a credit card, despite Obama's assertions to the contrary.

Spending is what goes out, or borrowed then goes out, tax cuts are monies not taken in from others.

Via Dictionary.com

Spend: To pay out, disburse, or expend; dispose of (money, wealth, resources, etc.)

Tax: A sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.

Tax cut: The act of reducing taxation. 

Liberals, Democrats and Barack Obama all seem to have a problem with the definitions of "spend, tax and tax cut."